<SEC-DOCUMENT>0001381197-19-000048.txt : 20190726
<SEC-HEADER>0001381197-19-000048.hdr.sgml : 20190726
<ACCEPTANCE-DATETIME>20190726163352
ACCESSION NUMBER:		0001381197-19-000048
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190726
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190726
DATE AS OF CHANGE:		20190726

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Interactive Brokers Group, Inc.
		CENTRAL INDEX KEY:			0001381197
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				300390693
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33440
		FILM NUMBER:		19978397

	BUSINESS ADDRESS:	
		STREET 1:		ONE PICKWICK PLAZA
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830
		BUSINESS PHONE:		203-618-5800

	MAIL ADDRESS:	
		STREET 1:		ONE PICKWICK PLAZA
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>ibkr-8k_20190726.htm
<DESCRIPTION>IBKR 8-K 2019-07-26
<TEXT>
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    <div style="text-align: center; font-size: 18pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; margin-bottom: 8pt; font-size: 12pt; font-weight: bold;">WASHINGTON, D.C. 20549</div>
    <div style="text-align: center; margin-bottom: 6pt; font-size: 18pt; font-weight: bold;">FORM 8-K</div>
    <div style="text-align: center;"><font style="font-size: 12pt; font-weight: bold;"><font style="font-size: 14pt;">CURRENT REPORT</font><br>
        Pursuant to Section 13 or 15(d) of the<br>
        Securities Exchange Act of 1934<br>
      </font><br>
    </div>
    <div style="text-align: center; margin-bottom: 6pt;">Date of Report (Date of Earliest Event Reported):&#160; <font style="font-weight: bold;">July 26, 2019</font></div>
    <div style="text-align: center; font-size: 14pt; font-weight: bold;">INTERACTIVE BROKERS GROUP, INC.</div>
    <div style="text-align: center; margin-bottom: 12pt;">(Exact Name of Registrant as Specified in its Charter)</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z1cae516169a84b2087c8f13175e3354d">

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          <td style="width: 31.72%; vertical-align: top;">&#160;</td>
          <td style="width: 32.24%; vertical-align: top;">&#160;</td>
          <td style="width: 36.04%; vertical-align: top;">&#160;</td>
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          <td style="width: 31.72%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">Delaware</div>
          </td>
          <td style="width: 32.24%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">001-33440</div>
          </td>
          <td style="width: 36.04%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">30-0390693</div>
          </td>
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          <td style="width: 31.72%; vertical-align: top;">
            <div style="text-align: center;">(State or Other Jurisdiction<br>
              of Incorporation)</div>
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          <td style="width: 32.24%; vertical-align: top;">
            <div style="text-align: center;">(Commission File Number)</div>
          </td>
          <td style="width: 36.04%; vertical-align: top;">
            <div style="text-align: center;">(I.R.S. Employer Identification</div>
            <div style="text-align: center;">&#160;Number)</div>
          </td>
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    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">One Pickwick Plaza, Greenwich, CT 06830</div>
    <div style="text-align: center; margin-bottom: 6pt;">(Address of Principal Executive Offices) (Zip Code)</div>
    <div style="text-align: center; font-weight: bold;">(203) 618-5800</div>
    <div style="text-align: center; margin-bottom: 12pt;">(Registrant&#8217;s Telephone Number, Including Area Code)</div>
    <div style="text-align: center; font-weight: bold;">Not Applicable</div>
    <div style="text-align: center; margin-bottom: 12pt;">(Former Name or Former Address, if Changed Since Last Report)</div>
    <div style="margin-bottom: 12pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</div>
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          <td style="width: 5.78%; vertical-align: top;">&#160;</td>
          <td style="width: 89.68%; vertical-align: top;">&#160;</td>
          <td style="width: 4.54%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 5.78%; vertical-align: top;">
            <div style="text-align: center;">&#9633;</div>
          </td>
          <td colspan="2" style="width: 94.22%; vertical-align: top;">
            <div>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5.78%; vertical-align: top;">
            <div style="text-align: center;">&#9633;</div>
          </td>
          <td colspan="2" style="width: 94.22%; vertical-align: top;">
            <div>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5.78%; vertical-align: top;">
            <div style="text-align: center;">&#9633;</div>
          </td>
          <td colspan="2" style="width: 94.22%; vertical-align: top;">
            <div>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5.78%; vertical-align: top;">
            <div style="text-align: center;">&#9633;</div>
          </td>
          <td colspan="2" style="width: 94.22%; vertical-align: top;">
            <div>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
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            <div>
              <div style="text-align: center; font-weight: bold;">Title of each class</div>
              <div>&#160;</div>
            </div>
          </td>
          <td colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 1px;">&#160;</td>
          <td style="width: 32%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
            <div>
              <div style="text-align: center; font-weight: bold;">Trading Symbol</div>
              <div>&#160;</div>
            </div>
          </td>
          <td colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 1px;">&#160;</td>
          <td style="width: 33%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
            <div>
              <div style="text-align: center; font-weight: bold;">Name of the exchange on which registered</div>
              <div>&#160;</div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top;">
            <div style="text-align: center; text-indent: -10pt; margin-left: 10pt;">Common Stock, par value $.01 per share</div>
          </td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: center;">IBKR<br>
              &#160;</div>
          </td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 33%; vertical-align: top;">
            <div style="text-align: center;">The Investors Exchange&#160;LLC<br>
              &#160;</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</div>
    <div><br>
    </div>
    <div style="margin-bottom: 8pt;">Emerging growth company &#9633;</div>
    <div>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
      Act.&#160; &#160; &#9633;</div>
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    <div style="background-color: #FFFFFF;">
      <div style="font-weight: bold;">Item 8.01. Other Events.</div>
    </div>
    <div style="background-color: #FFFFFF;">
      <div style="text-align: justify; font-weight: bold;">&#160;</div>
      <div style="text-align: justify;">In connection with the July 26, 2019 takedown, by a Rule 424(b)(5) prospectus of Interactive Brokers Group, Inc. (the "Company"), of 21,075 shares of the Company's common stock from its shelf Registration Statement
        on Form S-3 (Registration Statement No. 333-219552) (the "Registration Statement") filed with the SEC on July 28, 2017, the legal opinion letter of Dechert LLP, counsel to the Company, regarding the validity of the Shares is filed as Exhibit 5.3 to
        this Current Report on Form 8-K. The legal opinion letter is also hereby incorporated by reference into the <a href="http://www.sec.gov/Archives/edgar/data/1381197/000114036117029141/forms3asr.htm">Registration Statement</a>, as Exhibit 5.3
        thereto.</div>
      <div style="text-align: justify;">&#160;</div>
      <div style="text-align: justify;">&#160;</div>
    </div>
    <div style="text-align: justify; font-weight: bold;">Item 9.01. Financial Statements and Exhibits</div>
    <div><br>
    </div>
    <div>&#160;(d)<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font>Exhibits</div>
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              <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 9pt; font-weight: bold;">Exhibit</div>
              <div style="text-align: center; font-size: 8pt; font-weight: bold;"> <font style="font-size: 9pt;">Number</font></div>
            </div>
          </td>
          <td colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 1px;">&#160;</td>
          <td style="width: 94%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0); font-size: 9pt;">
            <div>
              <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Description</div>
            </div>
          </td>
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          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 94%; vertical-align: top;">&#160;</td>
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            <div style="text-align: center; text-indent: -10pt; margin-left: 10pt;">5.3</div>
          </td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 94%; vertical-align: top;">
            <div style="margin-left: 3.6pt;"><a href="ibkr-8k_20190726do.htm">Opinion of Dechert LLP (*)</a></div>
          </td>
        </tr>

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    <div style="margin-bottom: 8pt;">
      <hr noshade="noshade" align="left" style="height: 1px; width: 25%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
    <div style="background-color: #FFFFFF;">
      <div style="margin-bottom: 8pt;">(*) Filed herewith.</div>
      <div><br>
      </div>
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    <div style="margin-bottom: 8pt;"><br>
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    <div style="text-align: center; margin-bottom: 12pt;">***</div>
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    <div style="text-align: center; margin-bottom: 8pt;">SIGNATURE</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</div>
    <div style="margin-bottom: 12pt;">Dated: July 26, 2019</div>
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          <td style="width: 34.59%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="width: 65.41%; vertical-align: top;">
            <div>INTERACTIVE BROKERS GROUP, INC.</div>
          </td>
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        <tr>
          <td style="width: 34.59%; vertical-align: top;">&#160;</td>
          <td style="width: 10.79%; vertical-align: top;">&#160;</td>
          <td style="width: 54.62%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 34.59%; vertical-align: top;">&#160;</td>
          <td style="width: 10.79%; vertical-align: top;">&#160;</td>
          <td style="width: 54.62%; vertical-align: top;">&#160;</td>
        </tr>
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          <td style="width: 34.59%; vertical-align: top;">&#160;</td>
          <td style="width: 10.79%; vertical-align: top;">
            <div>By:</div>
          </td>
          <td style="width: 54.62%; vertical-align: top; border-bottom: #000000 1px solid;">
            <div>/s/ Paul J. Brody</div>
          </td>
        </tr>
        <tr>
          <td style="width: 34.59%; vertical-align: top;">&#160;</td>
          <td style="width: 10.79%; vertical-align: top;">
            <div>Name:</div>
          </td>
          <td style="width: 54.62%; vertical-align: top;">
            <div>Paul J. Brody</div>
          </td>
        </tr>
        <tr>
          <td style="width: 34.59%; vertical-align: top;">&#160;</td>
          <td style="width: 10.79%; vertical-align: top;">
            <div>Title:</div>
          </td>
          <td style="width: 54.62%; vertical-align: top;">
            <div>Chief Financial Officer, Treasurer<br>
              and Secretary</div>
          </td>
        </tr>

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<DOCUMENT>
<TYPE>EX-5.3
<SEQUENCE>2
<FILENAME>ibkr-8k_20190726do.htm
<DESCRIPTION>DECHERT OPINION
<TEXT>
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    <div style="text-align: right; font-weight: bold;">EXHIBIT&#160;5.3</div>
    <div style="background-color: #FFFFFF;">
      <div><br>
      </div>
    </div>
    <br>
    <div style="margin-bottom: 12pt;">July 26, 2019</div>
    <div>In<font style="font-size: 12pt;">t</font>eractive Brokers Group, Inc.</div>
    <div>One Pickwick Plaza</div>
    <div>Greenwich, Connecticut&#160; 06830</div>
    <div> <br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" id="zbc27e151ded049a3813444aafed97ecc" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

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              <div>&#160;Re:</div>
            </td>
            <td style="width: 98%;">
              <div>&#160;Form S-3 Registration Statement and Prospectus Supplement</div>
            </td>
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    </div>
    <div style="margin-top: 12pt; margin-bottom: 12pt;">Ladies and Gentlemen:</div>
    <div style="margin-bottom: 12pt;">We have acted as counsel to Interactive Brokers Group, Inc., a Delaware corporation (the &#8220;Company&#8221;), in connection with the preparation and filing of (1) a Registration Statement on Form S-3 (as amended on the date
      hereof, the &#8220;Registration Statement&#8221;) filed on July 28, 2017 by the Company as an automatic shelf registration statement with the Securities and Exchange Commission (the &#8220;Commission&#8221;) under the Securities Act of 1933, as amended (the &#8220;Act&#8221;); and (2)
      the Company&#8217;s prospectus supplement relating to the issuance and sale by the Company of up to 21,075 shares (the &#8220;Offered Shares&#8221;) of Class A common stock, par value $0.01 per share, of the Company (the &#8220;Common Shares&#8221;), to be filed by the Company
      with the Commission on or about the date of this opinion pursuant to Rule 424(b)(5) under the Act (together with the Company&#8217;s base prospectus included in the Registration Statement, collectively, the &#8220;Prospectus&#8221;).&#160; The Registration Statement
      relates to the issuance and sale from time to time on a delayed or continuous basis, pursuant to Rule 415 of the General Rules and Regulations promulgated under the Act, of an indeterminate number of Common Shares.&#160; The Offered Shares are to be
      issued and sold to IBG Holdings LLC for distribution to, and/or sale for the benefit of, certain of its members in exchange for membership interests in IBG LLC equal in number to such number of Common Shares issued by the Company.</div>
    <div style="margin-bottom: 11pt;">This opinion is being delivered in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration
      Statement or the Prospectus, other than as to the validity of the Offered Shares as set forth below.</div>
    <div style="margin-bottom: 12pt;">We have reviewed such records, documents, agreements and certificates, and examined such questions of law, as we have considered necessary or appropriate to express the opinions set forth below.&#160; In making our
      examination of records, documents, agreements and certificates, we have assumed the authenticity of the same, the correctness of the information contained therein, the genuineness of all signatures, the authority of all persons entering and
      maintaining records or executing documents, agreements and certificates, and the conformity to authentic originals of all items submitted to us as copies (whether certified, conformed, photostatic or by other electronic means) of records, documents,
      agreements or certificates.&#160; In rendering the opinions set forth below, we have relied as to factual matters upon certificates of public officials, certificates and other assurances of officers and representations of the Company.</div>
    <div>We have further assumed that the Offered Shares will be issued and sold in the manner stated in the Registration Statement and the Prospectus and in compliance with the applicable provisions of the Act and the rules and regulations of the
      Commission thereunder, and the securities or blue sky laws of various states.</div>
    <div><br>
    </div>
    <div style="margin-bottom: 12pt;">Based upon and subject to the foregoing and to the other assumptions, qualifications, limitations and exceptions set forth herein, we are of the opinion that the Offered Shares have been duly authorized for issuance by
      the Company and, when issued and delivered against receipt by the Company of payment of the agreed-upon consideration therefor as provided in the Prospectus, will be validly issued, fully paid and nonassessable.&#160;</div>
    <div style="text-align: justify; margin-bottom: 12pt;">The opinions expressed herein are limited to the Delaware General Corporation Law, and we express no opinion herein concerning any other laws, rules or regulations (including, without limitation,
      the application of the securities or &#8220;blue sky&#8221; laws of any state to the offer and/or sale of the Offered Shares).</div>
    <div style="margin-bottom: 12pt;">We hereby consent to the filing of this opinion with the Commission as an exhibit to a Current Report on Form 8-K of the Company.&#160; In giving this consent, we do not thereby admit that we are within the category of
      persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission promulgated thereunder.&#160; This opinion is expressed as of the date hereof, and we disclaim any undertaking to advise you of any subsequent
      changes in the facts stated or assumed herein or of any subsequent changes in applicable laws, even where the Common Shares may be issued from time to time on a delayed or continuous basis.</div>
    <div style="margin-bottom: 12pt;">Sincerely,</div>
    <div style="margin-bottom: 12pt;">/s/ Dechert LLP</div>
    <div style="margin-bottom: 12pt;">Dechert LLP</div>
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